Archives for May 2013

Alexander tightens noose on TAX avoidance as Legitas Group goes bust. The government believes that some recruitment agencies are using these structures to avoid paying income tax and National Insurance Contributions (NICs) for their UK-based workers. Announcing a number of proposals to stamp out this practice. Danny Alexander (Liberal Democrats) states: “The rule is simple: if you employ people in the UK, you need to pay tax and National Insurance in the UK. We will make sure you do that.” - … [Read more...]

Since October 2012 Auto-Enrolment has been put in place, a way for employees to begin to save for retirement, actioned by individual employers. This plan has been started by the larger companies, with the smaller companies following suit over the next 6 years. The Department of Work and Pensions initially said that up to 11 million workers would be automatically enrolled in a workplace pension. NEST (National Employment Savings Trust) is a leader in the contribution pension scheme, offering … [Read more...]

The amount of PAYE Schemes to report Real Time Information (RTI) is reported to hit One Million From the 6th April 2013 the HMRC required that PAYE Schems must report PAYE in Real Time (RTI). Most employers now are required to report PAYE in Real Time Information (RTI) to the HMRC. This means that the employer must send any required information via Real Time Information (RTI) to the HMRC, at the point that an employer pays an employee. "Our research shows ... the first employers to try RTI … [Read more...]

Chancellor on the case to clamp down on the activity of offshore Umbrella Companies We wanted to follow on from our previous blog 'HMRC Debit Transfer Process' published last month, looking at the NASUWT Teachers Union Bulletin. Here we looked into who was responsible for the failure of some TAX being paid through certain offshore Umbrella Companies. With this investigation now underway, it is important to ensure that your Umbrella Company is providing the complete service required, following … [Read more...]

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